April 24, 2017/InvestmentOne Research Stanbic released its Q1 2017 results earlier today. Please find key highlights of the Q1 2017 results below: · Net interest income of N18.9bn, up +0.6% q/q; +79.0% y/y · Profit before tax of N18.6bn, up +61.7% q/q; +81.8% y/y · Profit after tax of N16.1bn, […]
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Stanbic IBTC Holdings Reports Q1 2017 Results – NPL Ratio Doubled Between Dec ’16 and Mar ’17
Culled—Proshare April 24, 2017/ FBNQuest Research Event: Stanbic IBTC Holdings reports Q1 2017 results Implications: Positive reaction by the market likely Positives: Strong double-digit y/y growth on both revenue lines Negatives: NPL ratio doubled between December 2016 and March 2017 (NPL ratio at 10.5%) Stanbic IBTC’s Q1 2017 results which were released this […]
Lafarge Africa Plc | First Glance: Q1-17 PAT; Strong Delivery, As Expected
April 24, 2017/Cordros Research Click here for full PDF Report Lafarge Africa Plc (LAFARGE) announced Q1-17 PAT of N5.2 billion (vs. –N1.9 billion in Q1-16) this morning, driven by (1) 55% y/y increase in revenue, (2) comparatively higher gross margin, and (3) higher investment and other incomes. The PAT, however, […]
